Anil Ambani

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  • Topic: Anil Ambani, Reliance Anil Dhirubhai Ambani Group, Dhirubhai Ambani
  • Pages : 4 (1097 words )
  • Download(s) : 1434
  • Published : October 5, 2008
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Introduction

Ambani is the chairman of Reliance Capital, Reliance Communications and Chairman & Managing Director, Reliance Energy, and was formerly Vice Chairman and Managing Director of Reliance Industries Limited. His personal stake in Reliance Communications is 66%.[1]. Reliance group is India's largest business house, founded by Anil's late father Dhirubhai Ambani (1938-2002). His mother is Kokilaben Ambani. He is married to Tina Ambani (Munim) who was a well known Indian Actress in early 80's, and with whom he has two sons, Jai Anmol and Jai Anshul. He has been linked with buying Newcastle United and Everton premier league football clubs.

The total investors' wealth in the four Anil Ambani Group firms -- Reliance Communications (RCOM), Reliance Capital (RCL), Reliance Energy (REL) and Reliance Natural Resources Ltd (RNRL) has reached 1,42,384 crore rupees, while total promoter holding is estimated at about Rs 87,000 crore. Anil's wealth comes mostly from his over 65 per cent stake in RCOM, which has a market cap of about Rs 1,03,000 crore. He also has over 50 per cent in RCL (market cap of Rs 24,000 crore), 35 per cent in REL (market cap of Rs 12,700 crore) and close to 54 per cent in RNRL, which has a market cap of about Rs 2,600 crore.His net worth subsequently plunges by over 60% owing to poor stock market condition in India led by ADAG stocks.[2].

As of 12th September Anil Ambani is reportedly interested in taking control of premiership football team Everton FC.

[edit] Education

Ambani holds a Bachelor of Science degree from the University of Mumbai and an MBA degree from The Wharton School at the University of Pennsylvania. Currently, he serves as a member of the Wharton Board of Overseers.

[edit] Career

Ambani joined Reliance, the company founded by his late father Dhirubhai Ambani, in 1983 as Co-Chief Executive Officer and is credited with having pioneered many financial innovations in the Indian capital markets. For example, he...
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